A.G. Schneiderman Appoints Securities Watchdog As Investor Protection Bureau Chief

Seasoned Regulator and Former Assistant Attorney General to Lead Team Charged with Financial Oversight

NEW YORK – Attorney General Eric T. Schneiderman today announced the appointment of Marc B. Minor to serve as Chief of the Attorney General’s Investor Protection Bureau. In this role, Mr. Minor will be charged with enforcing New York State securities law from the bureau that has achieved record-setting settlements and vital financial industry reforms on behalf of New Yorkers. Mr. Minor worked in the Investor Protection Bureau from 2002 to 2004, a dynamic era that reinvigorated investigations of misconduct and malfeasance on Wall Street.
 
“Our office has a strong tradition of taking tough, innovative and fair action to protect the investing public. Marc will be a leader in my administration as we continue this important work,” Attorney General Schneiderman said. “With his widespread experience enforcing state, federal, and self-regulatory organizations’ securities law, as well as his time as an Assistant Attorney General, Marc will bring the talent and skill we need to protect New York’s working families.”
 
Anne Milgram, Former Attorney General of New Jersey, said, “Marc is a distinguished legal mind who will be a great public servant for the people of New York. His knowledge of securities law and commitment to justice will serve Attorney General Schneiderman’s team well in their work to root out fraud and abuse in the financial services sector.”

Eric Dinallo, Partner at Debevoise & Plimpton LLP and Former Investor Protection Bureau Chief, said, “Marc’s topflight legal talent will bolster the Investor Protection Bureau – a place he knows well from his early days serving New York. As the former Chief of this Bureau, I was proud to hire Marc and am confident he will bring the same caliber of decisive and judicious action as the Bureau’s new leader. I applaud Attorney General Schneiderman for this strong appointment and congratulate Marc on his new role.”

Marc Minor said, “I am honored to join Attorney General Schneiderman in his work to restore New Yorkers' confidence in their financial institutions by ensuring that they operate to the letter of the law. Having served not only as a regulator across the country, but also in the New York Attorney General’s Investor Protection Bureau, I know the office’s full power, and how it can be used to hold bad actors accountable and keep investors safe. This is the tradition of the office I am proud to continue as Bureau chief and I look forward to the work ahead.”

Mr. Minor has served as the Bureau of Securities Chief in the New Jersey Attorney General’s Office since April 2009. While there, he managed the administration and enforcement of New Jersey Securities Law, and brought innovative changes to its regulatory programs. Mr. Minor directed many industry investigations including securing billions in auction rate securities repurchases for investors, sanctioning firms for employing unregistered brokers, and charging fraudulent investment firms in multi-state Ponzi schemes. Mr. Minor is an active leader in the North American Securities Administrators Association, including serving this year as Chair of its Annual Policy Conference in Washington, DC.
 
Prior to that appointment, Mr. Minor worked for the Financial Industry Regulatory Authority, the largest independent securities regulator in the country, from 2005 to 2009. As Senior Counsel, he managed investigations and litigated securities violations occurring throughout the United States, and took a lead role in a task force investigating subprime lending and mortgage-backed securities abuses.
 
From 2002 to 2004, Mr. Minor worked for the New York Attorney General’s Office as an Assistant Attorney General in the Investor Protection Bureau. While there, Mr. Minor prosecuted civil and criminal violations involving brokerage firm research analyst conflicts, mutual fund market timing, and various other investigations into hedge funds, investment banks and corporate governance issues.
 
Mr. Minor’s other positions include serving as the Director & Enforcement Counsel of the Philadelphia Stock Exchange from 2004 to 2005; as Assistant State Public Defender in Ohio from 1996 to 1999; and as an Assistant Attorney General in the Ohio Attorney General’s office from 1994 to 1996.
 
Mr. Minor received a B.S. from the University of Maryland, College Park, and his J.D. from Howard University School of Law.

 

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